Jamal Is Trying to Buy Something Over the Phone

question 60

Multiple Choice

Jamal is trying to buy something over the phone. He asks his partner to read him his credit card number. However, when he tries to repeat it to the sales clerk on the other end of the line, he can't remember all the numbers. Jamal is coming up against ______.

• A) the decay of numerical memory
• B) the extinction of auditory traces
• C) George Miller's magic number 7, plus or minus 2
• D) the limits of procedural memory

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Definitions:

Outputs

The final goods or services produced by an economic system or enterprise, resulting from the input of resources like labor and capital.

U-shaped Curve

A graphical representation showing a relationship where initial decreases are followed by increases, resulting in a curve shaped like the letter "U."

Long-run

A period in which all factors of production and costs are variable, allowing firms to adjust all input levels and technology to find the most efficient scale of operations.